Post
Topic
Board Speculation
Re: What is the deal with hoarding?
by
KTE
on 08/04/2013, 08:17:59 UTC
This is so funny and sad at the same time. In recent months BTC has seemingly lost its true utility -- a currency -- and has become a speculative asset that provides no utility because if you use it, you'll potentially be leaving money on the table. Amazing Shocked Everyone start paying with Paypal and Dwolla again Cheesy

Even though Bitcoin is rising sharply, it doesn't mean that you wouldn't want to use it as a currency. Think about it:

1) Who wouldn't want to receive bitcoins now if they were fine with them before?
2) Why would you prefer any other form of payment if you would have to pay someone?